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The Ethiopian Parliament approves an Italian loan to the WEDP Project

The Ethiopian – House of People’s Representatives – approved, during its 32nd session on the 31st of May 2016, a loan from the Italian Government counting 15 million for the Project “Women Entrepreneurship Development Programme” (WEDP), a programme started by the World Bank in 2014.

This project, through a credit line managed by the Development Bank of Ethiopia, aims to enhance the entrepreneurship and technical capacity of micro and small businesses in 6 Ethiopian cities – Addis Ababa, Dire Dawa, Mekelle, Hawassa, Bahir Dar and Adama – improving access to microcredit and increasing both profits and labour force for the women benefitting. Through this project, the participating businesses also had the opportunity to receive training courses with the aim to enhance their production and management efficiency. Since 2014, about 3900 businesses received loans for an average amount of 10 thousand Dollars.\"\"


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